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201400400
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Last modified
8/19/2014 2:25:24 PM
Creation date
1/23/2014 3:16:30 PM
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DEEDS
Inst Number
201400400
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201400400 <br />(iv) sell for cash or upon credit the Mortgaged Property or any <br />part thereof and all estate, claim, demand, right, title and interest of <br />Borrower therein and rights of redemption thereof, pursuant to power of <br />sale or otherwise, at one or more sales, as an entity or in parcels, at such <br />time and place, upon such terms and after such notice thereof as may be <br />required or permitted by law; <br />(v) institute an action, suit or proceeding in equity for the <br />specific performance of any covenant, condition or agreement contained <br />herein or in the Note; <br />(vi) subject to paragraph 51 hereof, recover judgment on the <br />Note either before, during or after any proceedings for the enforcement of <br />this Security Instrument; <br />(vii) subject to Lessee's rights under the Lease (if still in effect) <br />apply for the appointment of a trustee, receiver, liquidator or conservator <br />of the Mortgaged Property, without notice and without regard for the <br />adequacy of the security for the Debt and without regard for the solvency <br />of the Borrower, any guarantor or of any person, firm or other entity liable <br />for the payment of the Debt; except as otherwise provided by law, (1) <br />Borrower hereby irrevocably consents to such appointments and waives <br />notice of any application therefore and (2) any such receiver or receivers <br />shall have all the usual powers and duties of receivers in like or similar <br />cases and all the powers and duties of Beneficiary in case of entry as <br />provided below in paragraph 25(a)(viii) and shall continue as receiver, and <br />exercise all such powers, until the date of confirmation of sale of the <br />Mortgaged Property, unless such receivership is sooner terminated. This <br />Deed of Trust is hereby modified with reference to Section 8.01 -592 of the <br />Virginia Code pursuant to which a special receiver may be appointed on <br />an ex parte basis upon the occurrence of certain exigent circumstances. <br />This appointment limited to thirty (30) days. Beneficiary may apply to <br />extend the special receivership for longer than the original thirty (30) days <br />upon notice and motion filed for a de novo hearing at which shall be <br />determined the motion to extend; <br />(viii) subject to Lessee's rights under the Lease (if still in effect <br />and provided that no Lease Default then exists), enter into or upon the <br />Mortgaged Property, either personally or by its agents, servicers, nominees <br />or attorneys and dispossess Borrower and its agents and servants <br />therefrom, and thereupon Lender (or any receiver appointed pursuant to <br />paragraph (vii) above) may do or permit one or more of the following, <br />successively or concurrently: (a) enter upon and take possession and <br />control of any and all of the Mortgaged Property; (b) take and maintain <br />possession of all documents, books, records, papers and accounts relating <br />- 141 - <br />
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